Charts and Periods and Trending
Looking forward to Week 38
I was out of town last weekend and did not publish the trending review. I do have an improved version of my trending review to go over today. I believe it provides a better picture of the trending (kind of like trending of the trending) and can be used for short-term (hours to days), medium-term (days to weeks) and long-term (weeks to months) trading.
Hourly Charts
Daily Charts
Weekly Charts
The pictures tell the story, do they not? We can see the bearish progression from the weekly to the daily to the hourly. That does not necessarily mean that the daily and then the weekly will keep turning bearish. But it does indicate that the risk is to the downside.
Strategy
Per my system, the risk remains to the downside. I continue to trade to the short side.